Scott & Selber Inc. Purchases Shares of 2,262 BlackRock $BLK

Scott & Selber Inc. acquired a new position in BlackRock (NYSE:BLK) in the 3rd quarter, Holdings Channel reports. The firm acquired 2,262 shares of the asset manager’s stock, valued at approximately $2,637,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacifica Partners Inc. increased its holdings in BlackRock by 450.0% in the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. TruNorth Capital Management LLC grew its stake in shares of BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after buying an additional 20 shares in the last quarter. Traub Capital Management LLC acquired a new stake in shares of BlackRock in the second quarter valued at about $28,000. Whipplewood Advisors LLC raised its holdings in shares of BlackRock by 107.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after buying an additional 15 shares during the period. Finally, Creekmur Asset Management LLC lifted its position in BlackRock by 87.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Jim Cramer gave an emphatic bullish endorsement for BlackRock on-air, which can drive short-term retail buying and sentiment momentum. Read More.
• Positive Sentiment: An analyst price target was raised to $1,550, signaling stronger sell?side conviction after BlackRock’s latest beats and helping justify higher valuation multiples. Read More.
• Positive Sentiment: BlackRock reported record assets under management and revenue growth in recent results, backing durable fee income and EPS upside. This underpins the bullish analyst action and investor optimism. Read More.
• Positive Sentiment: Spot Bitcoin ETF flows remain strong and BlackRock’s iShares Bitcoin Trust (IBIT) led inflows in recent weeks, boosting fee revenue prospects and drawing institutional attention to BlackRock’s ETF franchise. Read More.
• Positive Sentiment: Media reports that prominent investors shifted into spot Bitcoin ETFs (benefitting IBIT) reinforce demand narratives for BlackRock’s ETFs and may attract more flows. Read More.
• Positive Sentiment: BlackRock CIO Rick Rieder is being reported as a finalist for the Federal Reserve chair role — a development that raises the firm’s profile and could be seen as positive for BlackRock’s industry influence. Read More.
• Neutral Sentiment: BlackRock Canada announced routine January cash distributions for iShares ETFs listed in Canada — expected, regular payouts that have limited market-moving impact. Read More.
• Neutral Sentiment: Orion Corporation disclosed BlackRock crossed a 5% ownership threshold — a standard regulatory filing reflecting position size, not an operational change. Read More.
• Negative Sentiment: The company’s strategic update mentioned job cuts alongside restructuring — a potential near-term cost but also a signal of execution risk and one-time charges that investors will watch. Read More.

BlackRock Price Performance

BLK opened at $1,164.72 on Tuesday. The company has a market capitalization of $180.71 billion, a P/E ratio of 32.88, a PEG ratio of 1.68 and a beta of 1.47. The company has a 50-day moving average of $1,073.47 and a 200-day moving average of $1,105.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.33 and a current ratio of 3.33. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping analysts’ consensus estimates of $12.55 by $0.61. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the firm earned $11.93 earnings per share. Equities analysts expect that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be issued a $5.73 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date is Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is presently 58.84%.

Insider Activity

In related news, CFO Martin Small sold 1,258 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the transaction, the chief financial officer directly owned 6,209 shares in the company, valued at $6,478,346.42. This trade represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BLK shares. Bank of America lifted their price objective on shares of BlackRock from $1,456.00 to $1,464.00 in a research note on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,313.00 price target on shares of BlackRock in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. BNP Paribas Exane raised their target price on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of BlackRock in a research note on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,314.71.

BlackRock Company Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.